© Reuters. File picture: VinFast CEO Le Thi Thu Thuy speaks to VinGroup founder and Chairman Pham Nhat Vuong at a VinFast occasion in Nha Trang, Vietnam April 9, 2022, Image taken April 9, 2022. REUTERS/Kevin Krolicki/File picture
HANOI (Reuters) – The founding father of Vietnamese electrical automobile maker VinFast (NASDAQ:) on Monday launched an EV charging stations firm, V-Inexperienced, which he mentioned would prioritise supporting VinFast automobiles globally.
V-Inexperienced, of which billionaire Pham Nhat Vuong holds a 90% stake, will function as a worldwide accomplice, spearheading the creation of a complete charging community, he mentioned an announcement.
“V-Inexperienced will straight seek for land and companions to determine and develop its charging community in key markets of VinFast,” Vuong mentioned.
VinFast, which was based by Vuong in 2017 and debuted on the Nasdaq final yr, has mentioned it might develop to a minimum of 50 international locations in 2024.
In Vietnam, V-Inexperienced shall be chargeable for working and managing VinFast’s present charging community and can take into account increasing charging providers to different EV producers after 5 years of operation.
It will spend about $404 million within the subsequent two years on new retailers and upgrades for the charging community, he mentioned.
Final yr, Vuong based a EV taxi operator, Inexperienced SM, which accounted for 72% of VinFast’s 2023 gross sales.
